Note 10 - Segment and Related Information

6 Months Ended

Mar. 31, 2016

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

10.

Segment and Related Information

The Company's four business units have a common management team and infrastructure that offer different products and services. The business units have been aggregated into two reportable segments: 1.) indicators and gauges and 2.) automotive related diagnostic tools and equipment.

Indicators and Gauges

This segment consists of products manufactured and sold primarily to companies in the aircraft and locomotive industry. Within the aircraft market, the primary customers are those companies that manufacture or service business, military and pleasure aircraft. Within the locomotive market, indicators and gauges are sold to both original equipment manufacturers and to operators of railroad equipment.

Automotive Diagnostic Tools and Equipment

This segment consists primarily of products designed and manufactured to support the testing or servicing of automotive systems using electronic means to measure vehicle parameters. These products are sold to OEM's and to the aftermarket using several brand names and a variety of distribution methods. Included in this segment are products used for state required testing of vehicle emissions.

Information by industry segment is set forth below:

	Three Months Ended						Six Months Ended
	March 31,						March 31,
	2016			2015			2016			2015
Net Sales
Indicators and Gauges	$	271,937		$	355,267		$	514,060		$	600,936
Automotive Diagnostic Tools and Equipment		774,687			735,915			1,909,436			1,652,464
	$	1,046,624		$	1,091,182		$	2,423,496		$	2,253,400
Income (Loss) before provision for Income Taxes
Indicators and Gauges	$	32,162		$	62,103		$	63,236		$	64,596
Automotive Diagnostic Tools and Equipment		(134,105	)		(91,159	)		37,128			(122,547	)
General Corporate Expenses		(362,501	)		(247,607	)		(611,997	)		(489,368	)
	$	(464,444	)	$	(276,663	)	$	(511,633	)	$	(547,319	)
Asset Information
Indicators and Gauges							$	754,134		$	794,095
Automotive Diagnostic Tools and Equipment								1,613,917			1,575,734
Corporate								1,025,081			730,465
							$	3,393,132		$	3,100,294
Geographical Information
Included in the consolidated financial statements are the following amounts related to geographical locations:
Revenue:
United States	$	1,015,090		$	1,068,123		$	2,344,709		$	2,195,582
Australia		588			3,675			38,941			11,800
Canada		5,798			15,896			14,698			35,554
England		20,260			-			20,260			-
Mexico		4,360			3,488			4,360			10,464
Other foreign countries		528			-			528			-
	$	1,046,624		$	1,091,182		$	2,423,496		$	2,253,400

All export sales to Australia, Canada, England, Mexico and other foreign countries are made in United States of America Dollars.